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- LoopNet Team
1302 S 1st St
Austin, TX 78704
Land For Sale
·
1.05 AC
INVESTMENT HIGHLIGHTS
- "Very Walkable" and "Very Bikeable" with Walkscores of 85 and 82, respectively.
- Less than one mile from downtown and four blocks from South Congress.
- Retail, Residential, and Office uses allowed by-right.
- Prominently situated at the doorstep to the South 1st District.
- Exceptional visibility from both directions along South 1st Street.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.05 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.05 AC |
| No. Stories | 1 |
DESCRIPTION
Home to the iconic El Mercado restaurant, Sayers Real Estate Advisors is pleased to present this prime development opportunity for sale. The opportunity consists of two separate sites, 1302 S 1st St and 1214 S 1st St, collectively known as "The Property" totaling 1.05 acres, zoned CS-MU-V-CO-NP; NO-MU-NP. Situated prominently at the doorstep of the South 1st District, the Property is located less than a mile from downtown and four blocks from South Congress. The Property is uniquely positioned at the highly visible intersection of W Gibson St and S 1st St, which enjoys the benefit of both a serene neighborhood feel and an extremely urban location, all within close proximity to a number of shops and restaurants. The Property is currently operated by El Mercado, however, a redevelopment to include retail, residential, or office could be attractive as these uses are allowed by-right.
PROPERTY TAXES
| Parcel Number | 100995 | Improvements Assessment | $82,614 |
| Land Assessment | $971,040 | Total Assessment | $1,053,654 |
PROPERTY TAXES
